Department Grant and Contract Award Management
The Principal Investigator (PI) is responsible for monitoring the budget to ensure that proper documentation procedures are followed and that only authorized expenditures are charged to a sponsored project. Upon receipt of a notice of an award from the Office of Grants and Contracts, it is the PI’s responsibility to work with their department administrator to manage funds responsibly.
Information through the following links is intended to assist department administrators in accounting for costs paid by grants made to faculty in their department on a monthly basis. The FIT guidelines refer to meeting standards for all departmental costs.
Sponsor Award Management Policies/Procedures
Federal Office of Management and Budget Circulars and Other Accounting Principles/Policies
Additional helpful information:
ECU's Financial Services Systems Coordination offers training and support for Banner.
The Office of Grants and Contracts
conducts periodic training to assist PIs and department administrators
with the management of your grants, i.e., effort reporting, cost
accounting, re-distributions, etc. See the training website for dates and times.When a sponsor awards funds to the University in support of specific
programs and projects, it requires the University to manage those funds
prudently to ensure that any costs incurred directly benefit the
project accounts being charged. Anyone approving or processing the
expenditure of federal funds must have a clear understanding of Cost Accounting Standards (CAS) and apply consistent application of these fundamental cost principles (see below).